The State of Utah has made available an interest-free, forgivable grant to Utah Law Enforcement and Correctional Officers for the purpose of purchasing a home in Utah. If you are employed full time as a law enforcement officer, Utah Housing will give you a grant up to 3.5% of the purchase price of your first home ($25,000 cap). This can be used towards down payment, closing costs, etc. A portion of the grant will be forgiven each year the borrower is employed in law enforcement and occupies the home.
Who is eligible?
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A law enforcement officer, as defined in Utah Code Section 53-13-103
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A correctional officer as defined in Utah Code Section 53-13-104
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First-time homebuyer (this requirement may be waived under certain conditions)
Eligible Loan Programs:
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Any first mortgage loan program available through Utah Housing Corporation (UHC) and its approved Participating Lenders
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May be combined with UHC’s down payment assistance second mortgage
Terms:
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No payment, no interest grant
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Grant amount up to 3.5% of purchase price, not to exceed $25,000
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5 years of employment with any jurisdiction(s) in Utah required
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Portion of grant forgiven each year the individual is employed in Utah as a law enforcement or correctional officer and occupies the home as their primary residence
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May be used for down payment, closing costs, mortgage interest rate buydown, or paid-in-advance mortgage insurance
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Must occupy primary residence within 30 days of closing
*The interest rate on the first mortgage will be reduced if UHC down payment assistance is not utilized in combination with this program
